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N1 Suppose that $2,000 is placed in a bank account at the end of each quarter over the next 9 years. What is the future
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Suppose that $2,000 is placed in a bank account at the end of each quarter over the next 9 years. What is the future worth at the end of 9 years when the interest rate is 10% compounded at the given intervals? (a) Quarterly (b) Monthly (c) Continuously (a) The future worth will be $ (Round to the nearest dollar.)Step by Step Solution
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